Posted on 01/25/2010 10:53:26 AM PST by milwguy
Mr. Speaker, Mr. President, distinguished Members of Congress, honored guests, and fellow citizens
Only a month ago I was your guest in this historic building, and I pledged to you my cooperation in doing what is right for this Nation that we all love so much. I'm here tonight to reaffirm that pledge and to ask that we share in restoring the promise that is offered to every citizen by this, the last, best hope of man on Earth.
All of us are aware of the punishing inflation which has for the first time in 60 years held to double-digit figures for 2 years in a row. Interest rates have reached absurd levels of more that 20 percent and over 15 percent for those who would borrow to buy a home. All across this land one can see newly built homes standing vacant, unsold because of mortgage interest rates.
Almost 8 million Americans are out of work. These are people who want to be productive. But as the months go by, despair dominates their lives. The threats of layoff and unemployment hang over other millions, and all who work are frustrated by their inability to keep up with inflation.
One worker in a Midwest city put it to me this way: He said, ``I'm bringing home more dollars than I ever believed I could possibly earn, but I seem to be getting worse off.'' And he is. Not only have hourly earnings of the American worker, after adjusting for inflation, declined 5 percent over the past 5 years, but in these 5 years, Federal personal taxes for the average family have increased 67 percent. We can no longer procrastinate and hope that things will get better. They will not. Unless we act forcefully now -- the economy will get worse.
(Excerpt) Read more at reagan.utexas.edu ...
And his lovely wife Mary Matalin has signed onto the dem, Landrieu, campaign in LA. Guess since they live in NO she has to kiss the ring of the Landrieu’s now.
Pathetic.
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